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Viacom: ‘Softness’ in disc-based video game sales might affect Harmonix goodwill value

“The Media Networks segment continues to be affected by softness in the disc-based video game industry… If such conditions persist and impact the sales projections for our existing and future product, this could result in an impairment loss on Harmonix goodwill… At June 30, 2010 the carrying amount of goodwill associated with the Harmonix acquisition was approximately $300 million.” – Viacom earnings release statement

I’m a little puzzled why Viacom keeps the Rock Band franchise around in its current form. It has yet to make any money and its biggest success is that it has cut its losses. Might be time to pull the plug, or at least scale back new Rock Band releases.

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